NVIDIA
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NVDA - AI Is The New Dot Com

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I don't know where to start. I will say up front I have always liked NVDA. Great company, a monopoly and consistently making great products. I am a gamer. (Yes believe it or not!) So I have always been partial to NVDA.

Having said that! I don't like the stock at any price, any economy, or in any market. Yes there is a great future in store for NVDA but to me it is over valued. I am sorry my fellow NVDA brothers and sister.

I have the benefit of seeing the bigger picture in economy (domestic and international), the broader markets (same) and as an investor rather than a trader or a DG piker.

My views are as follows

"Price is what you pay value is what you get relative to inflation, bond yield, and currency"

Simply put looking at these numbers and what was reported today NVDA is NOT worth $1 trillion. that does not mean it may not be worth that much some day. Not the same thing.

If someone asked me today do you want to own NVDA or a 1 year bond? I would buy the bond at 5% yield rather than NVDA 12 mo. forward 1.5% Yield.

Can NVDA soar higher? Sure it could, "markets can stay irrational longer than I can remain solvent". I got that shirt! THX!

Having said all that a year from now I will be up 5% guaranteed! I would take that investment any day of the week if offered. RULE #1 don't lose money Rule 2... Rule #1

I personally could not care less if NVDA doubled in 6 months! I would not lose a minute of sleep over it. To me there are much better trades out there rather than FOMO NVDA.

Now as for the charts and my recent posts.

1. A short never triggered THANK GOD! :P
2. Price crossing of a line ("support") does not mean jack! I have always said that and I hope this proves my point as to why that is.
3. Just bc price blew right by previous high does not mean it is not a double top.
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4. The Market wanted a HERO! and it got one. But being a hero is the world's shortest lived job generally speaking. maybe I will be wrong.
5. AI is NOT a new technology. CHAT GPT is only new to the masses! To them it is "NEW". Like a child that just discovered a ball and how much fun it can be. NEW!

Therefore I am classifying AI the new DOT.COM Bubble and NVDA from this valuation and higher the new MEME STOCK! CAUTION!!!!
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Months from now I will say everyone loved NVDA. Not so much now.
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Imagine you call yourself an investor and buying NVDA at 240 PE.

Paying $1 trillion for $20 billion of earnings per quarter. ahah!

Go get 'em, tiger!
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NVDA down another 2% plus

As expected. Paying $1 trillion for $20 bil of earnings is clownish.
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